More Trouble Ahead Amind Norweigen Strikes?
From Rigzone
While southern Europe is currently embroiled in widespread protests and industrial action amid the Eurozone debt crisis, many could be forgiven for thinking that all is fine and dandy in Europe’s northern states.
Yet, in spite of having an AAA credit rating, little debt when compared to many other European countries and even its own sovereign wealth fund, Norway has had its own bouts of industrial unrest in recent months. In particular, the country”s offshore oil industry has been affected by two industrial disputes: a threatened strike among Baker Hughes workers and a wider ranging strike that lasted 16 days and which cost the country’s oil sector an estimated $500 million.
